News

The EAPF is part of the Local Government Pension Scheme, and as a Public Sector Pension Scheme it provides guaranteed retirement benefits. It's known as a defined benefit pension scheme which means the amount you get back in retirement is based on how many years you've worked for your employer, and the salary you've earned.

Your employer pays in whatever is needed to provide you with the promised benefits, and you pay a contribution too. In return you get tax relief on your contributions, and a guaranteed future income.

In addition:

• You’ll get a pension payable for life and the option of a tax free lump sum when you retire
• Life cover in the form of a lump sum payable immediately if you die
• Family protection for your loved ones such as pensions for dependants should the worst happen
• You can choose to pay half the contribution for half the pension, or increase the amount you can pay for a higher pension and tax free lump sum
• You’ve the option to take your benefits from the age of 55 (on a reduced basis)